cozie on Nostr: Imagine a world where money can't be created at the whim of a centrized committee, ...

Imagine a world where money can't be created at the whim of a centrized committee, nor by the extension of commercial bank credit.

Where we must all add value to receive payment in a hard money with no seniorage privileges.

The power would return to the people -
The politicians would once again be serving the people.
The civil servants would be serving the people.
Government would shrink.
Handouts would shrink.
War could not be funded through the theft of inflation.
People would be incentivized to add value.
People would be incentivized to think more long term.
People would again focus more on the family unit.
People would need to be more responsible.
Only those ventures deemed worthy by the free market would receive funding.
Zombie companies would collapse.
Diligence would be rewarded.

Sounds like a world I’d like to live in.

#₿itcoin